1. PixelPlaygroundHome
  2. Blockchain Briefs

Why does Bitcoin always change (Why does Bitcoin rise and fall)

• Blockchain Briefs • 94 views

Why does Bitcoin always change? Since the birth of Bitcoin, there has always bee

Why does Bitcoin always change (Why does Bitcoin rise and fall)

Why does Bitcoin always change? Since the birth of Bitcoin, there has always been a theme of “never forget” – why does Bitcoin always change? The charm of Bitcoin lies in its ability to change people’s lives and work from nothing.

Why is it said that Bitcoin will continuously change over time? Because it is a form of currency that has developed without affecting its value, its price has been constantly rising and even during the process of rising, it has not stopped. Additionally, due to its scarcity and ease of transfer, it can be used to hedge against the risk of currency devaluation. Another reason is that its consensus mechanism creates an increase in demand whenever someone wants to buy Bitcoin.

Why does Bitcoin rise and fall

According to bitcoinist, Bitcoin’s price has risen nearly 50% in the past week. However, this has not resulted in a large-scale sell-off in the market.

It has been reported that some investors are optimistic about the future price trend of Bitcoin. “Why does it rise and fall” is a question that is often mentioned. Many people attribute this bull market to the “digital gold age”. However, in this case, “the skyrocketing price means that speculators are starting to flock in” because they are only interested in making profits. Therefore, when these funds continuously flow into BTC, a frenzy similar to that of 2017 will occur.

If we observe Bitcoin and its technological development history during this period as a reference point, we will know that from 2011 to 2016, with the prosperity of the cryptocurrency market and the emergence of various new projects, the valuation of the entire industry will undergo tremendous changes.” Why is this? And it is the same for investors: “At the end of 2012, I believed that all stocks, funds, and other asset classes could become a bubble. However, since then, many industries have collapsed and no longer recovered,” he said. “So I believe that blockchain technology can change everything: it can trade without intermediaries and eliminate any intermediaries.”

This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/24540/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 08/17/2023 10:05
Next 08/17/2023 10:28

Recommended articles